FCPO 8 Sept 2021 : Trade Evening Star1. Price reaches the resistance zone.
2. 15min reversal CS.
3. 5min formed evening star CS.
4. Price hit upper trendline.
FCPO1!
FCPO 8 Sept 2021 : Trade Morning Star1. Yesterday price breakout high of 6 Sept
2. Yesterday Rejection CS at 15min TF.
3. Yesterday 5min have a Morning star candle pattern.
4. Today 15min CS has rejection with bullish CS.
5. 5min TF have bullish engulfing with a hammer.
6. 15min TF reject EMA14
7. 5min TF reject EMA50
Repeat the same strategy all over again.
FCPO 7 Sept 2021 : Part 21. 15min hammer CS pattern.
2. Bullish Engulfing at 5min TF.
3. Gann level at 4357
Pullback entry
FCPO 7 Sept 2021 : Trade Hammer1. Yesterday's price breakout the resistance.
2. Price pullback to the support area 5min TF.
3. 5min CS Hammer pattern followed by bullish engulfing.
4. Price near Gann level 4324.
We trade after a bullish engulfing pattern and hit TP @ 4371
Another opportunity if
1. 15min TF has rejection CS near EMA14.
2. 5min Reversal CS pattern + engulfing.
FCPO 6 Sept 2021 : Trade Morning Star1. Price in the range for uptrend movement.
2. Triangle pattern breakout.
3. Rejection EMA14 @ 15min TF.
4. Morning star CS pattern @ 5min TF.
FCPO 3 Sept 2021 : Breakout trendline1. Yesterday's price formed a triangle pattern and breakout.
2. Price did breakout trendline and retest supply zone.
Strategy :
1. Expected price will retest the trendline before continuing uptrend.
2. Wait for bullish engulfing CS at 5min TF with bullish CS for 15min TF.
FCPO 1 Sept 2021 : Retest Btm Channel1. 1H timeframe price trade in the upwards channel.
2. Stoch oversold.
FCPO Nov 2021 ContractMarket is likely to open as GAP up tomorrow morning before heading downwards.
Good Luck
FCPO 27 August 2021 : Inside Bar1. yesterday's price breakout the resistance.
2. Today price retests the support again.
3. 5min have formed INSIDE BAR near yesterday resistance.
4. EMA uptrend
How to trade?
1. Buy at the low inside bar
2. Wait for a breakout for either side for entry.
FCPO 26 August 2021 : Trade Inverse HnS1. Yesterday's price was able to break out the resistance.
2. Rejection of EMA50+EMA200 indicates strong uptrend movement.
3. Today price is still in the range to accumulate before the mark-up phase.
4. 1230pm 15min CS have rejection CS indicate strong uptrend momentum.
Trading strategy :
1. Entry after 15min rejection CS.
2. Close entry if again reject the current resistance (range).
FCPO 25 August 2021 : False Breakout or Inverse HnS1. Morning session price to breakout nearest resistance but failed with the 2nd CS close back inside the range.
2. 5min have reversal CS during the reversal CS.
3. Gann level 4324 consider a strong level as the price at 15min was rejected twice.
4. Notice at 15min chart the inverse Head & Shoulder pattern.
5. 15min price reject EMA14 for an uptrend.
Strategy :
1. Trade fake breakout until nearest support.
2. If the afternoon session has a valid breakout upside, looking for continuation entry.
FCPO 24 August 2021 : Trade in the range1. Yesterday's price breakout the resistance and inside the range.
2. Currently trading in the range until clear breakout to either side.
3. EMA50 @ 15min is flat indicate ranging market.
I'm biased towards bullish because at 15min chart, EMA14 is above EMA50
FCPO 23 August 2021 : False Breakout1. False breakout when price opens below previous day support and immediately close back inside the range without rejection.
2. Entry when price close inside the zone.
3. Or entry during pullback rejection.
4. Usually fake breakouts produce large movements. the daily range for FCPO almost 100~130 ticks.
FCPO Trading SchematicThere is 3 type of price reaction towards SnR
i) Rejection
ii) Breakout
iii) False breakout
How to trade (i) rejection @ M15?
1. Price close with reversal CS - long wick
2. M5 has engulfed at least 60%
3. Set Limit order near the neck of close M15 CS.
How to trade (ii) breakout @ M15?
1. Price close outside the SnR
2. 2nd CS also close outside SnR
3. Entry after rejection @ M5
How to trade (iii) false breakout @ M15?
1. Price close outside SnR
2. 2nd CS close inside SnR
3. Immediate entry after 2nd CS close.
4. Usually the aftermath range is the biggest after price consolidation.
Another addition entry is Rejection-continuation :
1. Always happen in strong trend as a pullback
2. CS rejection @ M15
3. CS engulf @ M5
4. Immediate entry after rejection CS close
FCPO 20 August 2021 : Rising Wedges1. Yesterday's price was able to break previous support.
2. Currently price will trade in the range. Testing previous SbR.
3. Rising wedge pattern indicates bearish continuation.
FCPO 19 August 2021 : In rangeTrend bias to downtrend.
Consolidation phase..
1. Yesterday's price failed to break the support.
2. Today price failed to break resistance.
3. 15min rejection + 5min CS confirmation false breakout.
Trade in the range..
FCPO 18 August 202115min chart price break previous day low indicates a downtrend.
New day price is open inside the range.
FCPO Trading Strategy for False Breakout and Valid BreakoutPrice downtrend continuation when new day price open inside the previous trading range.
Valid breakout = trend continuation
Therefore, we use 1min TF to look for entry.
1. Break market structure.
2. EMA 14,50,200 trend.
3. Stochastic
4. Reverse-retest
5. Stoploss
6. TP
False breakout = reversal/rejection
Use 15min to find entry
1. Entry after 2nd CS close back inside the zone
2. Stoploss 2xATR @1min chart.
3. TP opposite Support / Resistance.
FCPO (Nov 21 Contract)My view for Crude Palm oil as follows.
1) Price will make a decline towards $4336 to $4330 area, making a new support area.
2) Price shall then make a rally and heads to $4500 area (plus minus ish)
3) before making a big drop to $4000 area
In conclusion, will look to make a quick 45ticks by shorting. After the 1st session break, i will look for a long opportunity. If there is no buying pressure, then my we will look for other opportunity.
Good luck kawan!
FCPO Identify Fake Breakout and How to Trade it?When the price is near the SnR it is where get it will get tricky...either the price want to continue the trend or reverse?
The false breakout strategy :
1. Timeframe 15min
2. Identify strong valid SnR
3. Draw the zone by pick the wick and the neck.
4. If price breakout and 2nd CS close inside the zone, it is a false breakout and entry position after 2nd CS close.
5. TP for the false breakout can be the opposite SnR.
Valid breakout strategy: Trend continuation
1. Use 15min and 1min chart for confirmation.
FCPO 17 August 2021Yesterday's price was still in the range. Testing support multiple times.
1.Today price open break yesterday resistance.
2.All EMA uptrend
3.Stoch oversold
However, the Stop loss is too large to take.
Wait for another setup with a good risk and reward ratio.
FCPO 16 August 2021New contract..
Price seems like trade in the range.
Approaching Gann box cycle level 1.0.
Lets see if price able to break above resistance.
Recap FCPO 13 August 20211. The major trend market structure is an uptrend.
2. Early morning session continues from previous day give us short term trade for downtrend move.
3. Once the downtrend market structure is broken, prepare to find the long entry opportunity
4. There is 2 type of entry. Risky and safe entry.
5. Risky entry when EMA14 + EMA50 still below EMA200 while price successfully break EMA200
6. Safe entry when all EMA align for uptrend movement.
